Question
Find the annual simple interest rate equivalent to an annual simple discount rate of 7% over a term of 6 years. Round your answer to
Find the annual simple interest rate equivalent to an annual simple discount rate of 7% over a term of 6 years.
Round your answer to the nearest tenth of a percent.
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
10th edition
133052311, 978-0133052312
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